Manila—Contributing to the sustained expansion of the country’s economy, the Philippine exports grew by 8.4%, reaching USD31.87 billion in January to May 2022 from USD29.40 billion in 2021, based on the preliminary data from Philippine Statistics Authority (PSA). On a year-on-year (YOY) basis, Philippine merchandise exports increased by 6.2%, adding USD6.31 billion this month in continue reading : PH exports sustain growth at 8.4% in May 2022
Manila—The country’s manufacturing Purchasing Managers Index (PMI) jumped to 54.3 in April 2022 as compared to the March 2022 data at 53.2, making it the highest reading since November 2017 or posing a 53-month high. The Department of Trade and Industry (DTI) said this significant growth can be attributed to the consistent expansion of the continue reading : PH Manufacturing PMI at 54.3, highest in over 4 years
Philippine exports reached USD 6.16-B in February, growing by 15.0% compared to the same period last year, based on Philippine Statistics Authority (PSA) preliminary data. Moreover, cumulative exports for the first two months of the year amounted to USD 12.2-B, 11.9% higher than the USD 10.9-B exports in 2021 and 15.7% higher compared to the continue reading : PH export gains momentum in February, expands by 15.0%, also surpasses pre-pandemic level
Makati—Department of Trade and Industry (DTI) Secretary Ramon M. Lopez attributed the growth in the country’s manufacturing output to the continued easing of economic restrictions amid the challenges of the COVID-19 pandemic. The latest report published by global provider IHS Markit noted that the country’s purchasing manager’s index (PMI) jumped to a high of 52.8 continue reading : 38-month high manufacturing index due to earlier reopening of economy – DTI chief
Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed USD 5.89B to total trade or a 29.8% growth for May 2021, over the previous year’s USD 4.54B. This effectively shrunk the Balance of Trade by USD 329.9M from April continue reading : PH exports continue recovery with a robust 29.8% growth in May 2021